Hi. How can you recognize pumps and dumps for any coin? Is there any universal indicators? I mean to predict it. Maybe there are some non-market signs (banners, posts, etc.)
Should I avoid pumps and dumps or try to earn some money?
It would be interesting to know your opinion, guys! Thanks
It is sad to say that there will be no universal indicator that will give you sign that the cryptocurrency will going to pump of dump. There is no formula that can be calculated that will give you hint weather crypto value will be increasing or decreasing. If there will be only such, then maybe, many investors now are super rich. But because of volatility nature of bitcoin and altcoins, it has the tendency to dump or pump anytime. This is one of the risk of cryptocurrency but even how risky it is, the fact remains that because of bitcoin volatility nature, it give us opportunity to earn money more than the opportunity offer by the any stock market.
If we will just trace the history, it will show that bitcoin pumping and dumping is part of the normal features of cryptocurrency.